2022-12-012023-11-302023-11-30false08785365MATT YOUNG TRANSLATIONS LIMITED2024-03-1974300iso4217:GBPxbrli:pure087853652022-12-01087853652023-11-30087853652022-12-012023-11-30087853652021-12-01087853652022-11-30087853652021-12-012022-11-3008785365bus:SmallEntities2022-12-012023-11-3008785365bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3008785365bus:FullAccounts2022-12-012023-11-3008785365bus:PrivateLimitedCompanyLtd2022-12-012023-11-3008785365core:WithinOneYear2023-11-3008785365core:AfterOneYear2023-11-3008785365core:WithinOneYear2022-11-3008785365core:AfterOneYear2022-11-3008785365core:ShareCapital2023-11-3008785365core:SharePremium2023-11-3008785365core:RevaluationReserve2023-11-3008785365core:OtherReservesSubtotal2023-11-3008785365core:RetainedEarningsAccumulatedLosses2023-11-3008785365core:ShareCapital2022-11-3008785365core:SharePremium2022-11-3008785365core:RevaluationReserve2022-11-3008785365core:OtherReservesSubtotal2022-11-3008785365core:RetainedEarningsAccumulatedLosses2022-11-3008785365core:LandBuildings2023-11-3008785365core:PlantMachinery2023-11-3008785365core:Vehicles2023-11-3008785365core:FurnitureFittings2023-11-3008785365core:OfficeEquipment2023-11-3008785365core:NetGoodwill2023-11-3008785365core:IntangibleAssetsOtherThanGoodwill2023-11-3008785365core:ListedExchangeTraded2023-11-3008785365core:UnlistedNon-exchangeTraded2023-11-3008785365core:LandBuildings2022-11-3008785365core:PlantMachinery2022-11-3008785365core:Vehicles2022-11-3008785365core:FurnitureFittings2022-11-3008785365core:OfficeEquipment2022-11-3008785365core:NetGoodwill2022-11-3008785365core:IntangibleAssetsOtherThanGoodwill2022-11-3008785365core:ListedExchangeTraded2022-11-3008785365core:UnlistedNon-exchangeTraded2022-11-3008785365core:LandBuildings2022-12-012023-11-3008785365core:PlantMachinery2022-12-012023-11-3008785365core:Vehicles2022-12-012023-11-3008785365core:FurnitureFittings2022-12-012023-11-3008785365core:OfficeEquipment2022-12-012023-11-3008785365core:NetGoodwill2022-12-012023-11-3008785365core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3008785365core:ListedExchangeTraded2022-12-012023-11-3008785365core:UnlistedNon-exchangeTraded2022-12-012023-11-3008785365core:MoreThanFiveYears2022-12-012023-11-3008785365core:Non-currentFinancialInstruments2023-11-3008785365core:Non-currentFinancialInstruments2022-11-3008785365dpl:CostSales2022-12-012023-11-3008785365dpl:DistributionCosts2022-12-012023-11-3008785365core:LandBuildings2022-12-012023-11-3008785365core:PlantMachinery2022-12-012023-11-3008785365core:Vehicles2022-12-012023-11-3008785365core:FurnitureFittings2022-12-012023-11-3008785365core:OfficeEquipment2022-12-012023-11-3008785365dpl:AdministrativeExpenses2022-12-012023-11-3008785365core:NetGoodwill2022-12-012023-11-3008785365core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3008785365dpl:GroupUndertakings2022-12-012023-11-3008785365dpl:ParticipatingInterests2022-12-012023-11-3008785365dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3008785365core:ListedExchangeTraded2022-12-012023-11-3008785365dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3008785365core:UnlistedNon-exchangeTraded2022-12-012023-11-3008785365dpl:CostSales2021-12-012022-11-3008785365dpl:DistributionCosts2021-12-012022-11-3008785365core:LandBuildings2021-12-012022-11-3008785365core:PlantMachinery2021-12-012022-11-3008785365core:Vehicles2021-12-012022-11-3008785365core:FurnitureFittings2021-12-012022-11-3008785365core:OfficeEquipment2021-12-012022-11-3008785365dpl:AdministrativeExpenses2021-12-012022-11-3008785365core:NetGoodwill2021-12-012022-11-3008785365core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3008785365dpl:GroupUndertakings2021-12-012022-11-3008785365dpl:ParticipatingInterests2021-12-012022-11-3008785365dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3008785365core:ListedExchangeTraded2021-12-012022-11-3008785365dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3008785365core:UnlistedNon-exchangeTraded2021-12-012022-11-3008785365core:NetGoodwill2023-11-3008785365core:IntangibleAssetsOtherThanGoodwill2023-11-3008785365core:LandBuildings2023-11-3008785365core:PlantMachinery2023-11-3008785365core:Vehicles2023-11-3008785365core:FurnitureFittings2023-11-3008785365core:OfficeEquipment2023-11-3008785365core:AfterOneYear2023-11-3008785365core:WithinOneYear2023-11-3008785365core:ListedExchangeTraded2023-11-3008785365core:UnlistedNon-exchangeTraded2023-11-3008785365core:ShareCapital2023-11-3008785365core:SharePremium2023-11-3008785365core:RevaluationReserve2023-11-3008785365core:OtherReservesSubtotal2023-11-3008785365core:RetainedEarningsAccumulatedLosses2023-11-3008785365core:NetGoodwill2022-11-3008785365core:IntangibleAssetsOtherThanGoodwill2022-11-3008785365core:LandBuildings2022-11-3008785365core:PlantMachinery2022-11-3008785365core:Vehicles2022-11-3008785365core:FurnitureFittings2022-11-3008785365core:OfficeEquipment2022-11-3008785365core:AfterOneYear2022-11-3008785365core:WithinOneYear2022-11-3008785365core:ListedExchangeTraded2022-11-3008785365core:UnlistedNon-exchangeTraded2022-11-3008785365core:ShareCapital2022-11-3008785365core:SharePremium2022-11-3008785365core:RevaluationReserve2022-11-3008785365core:OtherReservesSubtotal2022-11-3008785365core:RetainedEarningsAccumulatedLosses2022-11-3008785365core:NetGoodwill2021-12-0108785365core:IntangibleAssetsOtherThanGoodwill2021-12-0108785365core:LandBuildings2021-12-0108785365core:PlantMachinery2021-12-0108785365core:Vehicles2021-12-0108785365core:FurnitureFittings2021-12-0108785365core:OfficeEquipment2021-12-0108785365core:AfterOneYear2021-12-0108785365core:WithinOneYear2021-12-0108785365core:ListedExchangeTraded2021-12-0108785365core:UnlistedNon-exchangeTraded2021-12-0108785365core:ShareCapital2021-12-0108785365core:SharePremium2021-12-0108785365core:RevaluationReserve2021-12-0108785365core:OtherReservesSubtotal2021-12-0108785365core:RetainedEarningsAccumulatedLosses2021-12-0108785365core:AfterOneYear2022-12-012023-11-3008785365core:WithinOneYear2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:CostValuation2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3008785365core:Non-currentFinancialInstrumentscore:CostValuation2023-11-3008785365core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-3008785365core:Non-currentFinancialInstrumentscore:CostValuation2022-11-3008785365core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-3008785365core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-3008785365bus:Director12022-12-012023-11-3008785365bus:Director22022-12-012023-11-3008785365core:FurnitureFittingsToolsEquipment2022-11-3008785365core:FurnitureFittingsToolsEquipment2022-12-012023-11-3008785365core:FurnitureFittingsToolsEquipment2023-11-30

MATT YOUNG TRANSLATIONS LIMITED

Registered Number
08785365
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

MATT YOUNG TRANSLATIONS LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

YOUNG, Matthew James Richard
YOUNG, Nicola Louise

Company Secretary

YOUNG, Nicola Louise

Registered Address

Spring Cottage Back Gate
Ingleton
Carnforth
LA6 3BG

Registered Number

08785365 (England and Wales)
MATT YOUNG TRANSLATIONS LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,9784,180
Investments459,537-
62,5154,180
Current assets
Debtors14,21425,318
Cash at bank and on hand175,444198,522
189,658223,840
Creditors amounts falling due within one year6(32,187)(27,345)
Net current assets (liabilities)157,471196,495
Total assets less current liabilities219,986200,675
Net assets219,986200,675
Capital and reserves
Called up share capital22
Other reserves(252)-
Profit and loss account220,236200,673
Shareholders' funds219,986200,675
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2024, and are signed on its behalf by:
YOUNG, Matthew James Richard
Director
Registered Company No. 08785365
MATT YOUNG TRANSLATIONS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
Investments
Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 December 224,2509,49313,743
Additions-468468
Disposals-(5,561)(5,561)
At 30 November 234,2504,4008,650
Depreciation and impairment
At 01 December 222,7476,8169,563
Charge for year301424725
On disposals-(4,616)(4,616)
At 30 November 233,0482,6245,672
Net book value
At 30 November 231,2021,7762,978
At 30 November 221,5032,6774,180
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions60,00060,000
Revaluations(463)(463)
At 30 November 2359,53759,537
Net book value
At 30 November 2359,53759,537
At 30 November 22--

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables14,13025,318
Other debtors84-
Total14,21425,318
6.Creditors: amounts due within one year

2023

2022

££
Taxation and social security26,53722,009
Other creditors4,0243,856
Accrued liabilities and deferred income1,6261,480
Total32,18727,345